Quote from: gweedo on February 05, 2014, 01:36:15 AM

https://vine.co/v/MazLbHTTWKd

90,000 DOGE for $100. So this is real? I honestly feel like this http://www.youtube.com/watch?v=AG7LjVCj50Y

The more insane part, I am starting a new venture, I am actually thinking of accepting dogecoins. What is going on!

DOGE: A Case Study

1) Create coin that has zero innovation but panders to an untapped market (reddit)
2) Redditors buy/mine the everloving crap out of this flavor of the week coin
3) Redditors get stuck bagholding
4) Redditors use their immense volume to pump/promote this shit coin
5) Coin becomes mainstream
6) Coin doesn't die like normal memes because of the Redditors holding
7) Newcomers continue the whole bagholding/pumping/promotion cycle until the coin's ultimate death

I love what DOGE did to introduce so many new people to crypto. I hate DOGE because it lacks innovation. If it didn't, it might survive the inevitable altcoin genocide that most people think will happen to all the copy-coins. Ultimately, this will burn a lot of bagholders and leave a bad taste in the mouth of thousands, if not millions, of people in terms of crypto and turn them completely off of it. I refuse to support DOGE because it is overall bad for crypto.

Shmoopy

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